Since the first publication of the S&P Indices Versus Active Funds (SPIVA) U.S. Scorecard in 2002, S&P Dow Jones Indices has been the de facto scorekeeper of the ongoing active versus passive debate.
The SPIVA India Scorecard compares the performance of actively managed Indian equity and bond mutual funds with their respective benchmark indices YTD and over 1-, 3-, 5- and 10-year investment horizons.
Mid-Year 2022 Highlights
In the first half of 2022, performance among Indian active managers was greatly mixed across categories. There was an unusually high underperformance rate in Indian Equity Large-Cap funds, where 88% of actively managed funds underperformed the S&P BSE 100, and an unusually low proportion—just 19%—of Indian Composite Bond funds underperformed the S&P BSE India Bond Index.
